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The Fed Could Take 10 Years to Get Inflation Under Control, Says Almonty Industries CEO
24.3.2022
The CEO of Almonty Industries has warned that it could take the Federal Reserve 10 years to get inflation under control if they do not act now and stop spending money. “And they need to raise rates. That’s the only tool that works,” he said. Federal Reserve Could Take a Decade...
Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions
22.3.2022
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals...
Australian Senator proposes landmark Digital Services Act
21.3.2022
The new legislative package will address issues in crypto custody, taxation, and DAO operations in order to protect consumers against bad actors in the space
US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional
19.3.2022
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge...
UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’
13.3.2022
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating...
Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry
12.3.2022
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s...
Binance Launches Bitfinity, a Payments Company Targeting the Web3 Economy
8.3.2022
Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity. Bitfinity will act as the default fiat-to-crypto payments ramp for the exchange, as well as for other blockchains. With this launch, Binance also targets the expanding Web3 economy...
Wharton Professor Urges the Fed to ‘Bite the Bullet’ and Defend the US Dollar — Warns About Bitcoin Taking Over
7.3.2022
A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the...
EU Data Act Proposes Shutdown Function for Smart Contracts
2.3.2022
The European Union has published its new Data Act, a law proposal that aims to regulate the generation and handling of data by the actors that harness it. The act, in its large scope, touches on the subject of smart contracts and proposes that every smart contract should have a termination function...
Market Strategist Explains 4 Reasons Why BTC Is Rallying — ‘Ukraine Crisis Highlights How Bitcoin Can Act as a Support Mechanism’
1.3.2022
On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four reasons why he believes bitcoin’s value surged —...
South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022
26.2.2022
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury...
Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations
26.2.2022
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said...
BitMEX founders plead guilty to Bank Secrecy Act violations
25.2.2022
Arthur Hayes and Benjamin Delo will each have to pay a fine for their part in flouting the Bank Secrecy Act and operating what the DOJ called a “money laundering platform.”
Canadian Police Begin Unfreezing Accounts Tied to Freedom Convoy as Trudeau Revokes Emergencies Act
24.2.2022
Canada’s prime minister, Justin Trudeau, has ended the use of the Emergencies Act invoked last week to deal with the Freedom Convoy trucker protest. The Canadian police have also instructed financial institutions to unfreeze accounts previously frozen. “The situation is no longer...
Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News
24.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News
Trudeau revokes emergencies act powers but the case for crypto grows
24.2.2022
The Canadian PM has also begun to unfreeze many of the bank accounts of protestors and donors to the Freedom Convoy who are turning to Bitcoin to protect them from future interference
Senator Rand Paul Warns the US Has Similar Statutes to Emergencies Act in Canada
24.2.2022
U.S. Senator Rand Paul says “statutes that allow presidents or heads of state to invoke emergencies are very, very dangerous.” Commenting on Canada’s Emergencies Act invoked by the Trudeau government, the senator warned, “We have the same sort of statutes here.”...
Canadian Regulator Alerts Police to Tweets by Coinbase and Kraken Advocating Non-Custodial Wallets
23.2.2022
Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP...
Ruby on Rails Creator Capitulates on Bitcoin After Seeing Canadian Government’s Response to Freedom Convoy
23.2.2022
The creator of Ruby on Rails says the situation in Canada is “terrifying” and “a real wakeup call.” He admits that he was wrong about bitcoin and cryptocurrency. “A few months ago, I would not have found it credible if you said a three-week peaceful protest...
Keep Your Coins Act: US Lawmaker Introduces Bill to Protect Privacy in Cryptocurrency Transactions
19.2.2022
A U.S. congressman has introduced the “Keep Your Coins Act” in order to “preserve Americans’ right to privacy in transacting with crypto assets.” The lawmaker says, “this legislation would prohibit any federal agency from promulgating a rule that would...